Payouts play an important role in the relationship between shareholders and agents in terms of rewarding the decisions of shareholders. Previous studies have observed that payout decisions appear in different ways depending on an industry's financial and operating structures. Since the airline industry has been characterized as high debt dependency, this study presumes distinctive characteristi...

We model a firm’s decisions about product innovation, focusing on the extent to which features should be improved or changed in the succession of models that comprise a life cycle. We show that the structure of revenues and costs can suggest when a firm should pursue radical rather than incremental innovation. We use the criterion of maximizing the expected present value of profits during the l...

Human capital theory predicts that differences in wages arise because of differences in human capital. The latter can be accumulated in two ways: through experience and education. Using matched firm worker data for the Ghanaian Manufacturing sector we test whether changes in wages over the life cycle reflect changes in performance, following the methodology of Medoff and Abraham (1980, 1981), a...

In this research, the life expectancy of ball bearings in industrial applications is estimated based on known parameters. The overall mathematical calculation of such behavior is based on the theory of Lundberg and Palmgren. The proposed life estimation equation however lacks certain points to make it qualified as universal. A firm conclusion therefore could not be obtained on the basis of this...

Purpose: While the financial performance of private companies has invoked intense interest globally, this study aimed to investigate relationship between firm age and limited in Uganda.
 Methodology: The adopted a positivist paradigm cross-sectional design. A structured self-administered questionnaire was deployed gather quantitative data from Accountants, Auditors, CEOs, Board Members who...

Interaction is central to a relationship and network framework, yet the concept is quite amorphous. One reason for imprecision is the lack of theory with regard to the way interaction works in time. Clarification of this nexus further develops the interaction concept and provides theoretical support for the dynamic view of business relationships and networks being developed by the IMP Group. Th...